Comment by asdefghyk

3 months ago

Less than 10% of electricity customers will be able to take advantage of offer and they must have a "smart meter"

From a theaustralian.com.au media article ".... The trouble with this thought bubble is that there are some major complications that haven’t been thought through. Just because the wholesale price is often low or negative during the middle of the day doesn’t remove the need for the fixed infrastructure costs – over 40 per cent of the retail bill – to be covered.

If retailers and gentailers (the companies that own generators as well as have retail arms) can’t cover these fixed costs during the “free” three-hour period, then prices at other times of the day will have to be jacked up......

That's one problem